This listing includes AI condition scoring, neighbourhood intelligence, and market valuation data — giving you a complete picture before you visit. Compare rental yield, price per square metre, and location strength against the broader Portuguese market to assess whether this property fits your investment strategy.
2-bedroom, 2-bathroom duplex of 112 m², built in 2009, energy rating C. Located on avenida da República, 37, Olhão parish, Olhão municipality, Faro district. Noteworthy features: This duplex offers panoramic sea and Algarve mountain views, along with two secure, covered parking spaces, enhancing both convenience and leisure.
The valuation. The asking price of €490,000 is €148,100 (43.3%) above the fair value of €341,900, indicating it is overpriced. This significant discrepancy suggests a lack of alignment with market expectations.
Fair value modelled at €341,900 from 6 comparable sales in the area. Asking €490,000 sits €148,100 (43.3%) above — overpriced versus fair value.
Asking €490,000 versus the avenida da República, 37 area baseline of €297,878 (€2,660/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 79/100 is above the parish average, lifting fair value versus a typical-condition unit.
Recent nearby listings price above the wider parish average — a hyper-local premium distinct from the parish baseline.
Base gap of €297,878, adjusted for condition and micro-location, gives a modelled fair value of €341,900 (€3,053/m²), a €148,100 (43.3%) gap versus the €490,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| avenida da República, 37 | Subject | €490,000 | €4,375 | — | 75 | 67 |
| Quelfes · 99f4fa | Active | €359,000 | €3,205 | 26.7% | 70 | 58 |
| avenida da República, 89 | Active | €395,000 | €2,883 | 34.1% | 75 | 60 |
| rua João da Rosa, 6A | Active | €260,000 | €3,939 | 10.0% | 70 | 62 |
| rua Dâmaso da Encarnação, 162 | Active | €290,000 | €2,900 | 33.7% | 74 | 63 |
| Median comp | €324,500 | €3,053 | 30.2% | 72 | 61 |
Short-term vacation rental This duplex in Olhão presents an insufficient yield of 2.4%, indicating that it may not be an attractive option for investors looking to capitalize on the booming short-term rental market in the Algarve region. With a gap from fair value of 43.3%, this property is overpriced, limiting its potential for profitability. Buy-and-hold Investing in this property as a buy-and-hold strategy is not advisable given its current valuation of €490,000 compared to a fair value of €341,900, resulting in a gap of 43.3%. The low yield and elevated price suggest that long-term appreciation may not justify the investment, marking the property as overpriced. Family rental The property’s condition rating of 79/100 and a neighborhood score of 67/100 indicate it does not meet the standards for an appealing family rental despite its location in the attractive Algarve region. However, with the property priced at €490,000, significantly above its fair value of €341,900, it is decidedly overpriced, making it a less desirable investment option for families.
Economic Sensitivity Risk: With an economic stability score of 65/100 and a tenant stability score of 65/100, there is a heightened risk of potential downturns in rental income due to volatile market conditions affecting both the economy and tenant retention.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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